APPLIED SCIENCE (UK) LTD

🌳Matureactive
09276253 · ltd · incorporated 2014-10-22
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£404.2k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
Investor take
Pursue
Asset-holding vehicle with a 72-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 72). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -85% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
35 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £404,194
Cash draining
Cash down 85% YoY
Cash YoY
-85%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£13k
↓ 85% YoY
Net Worth
£404k
↑ 27% YoY
Current Assets
£533k
↑ 11% YoY
Current Liabilities
—
£0£107k£213k£320k£426k£533kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£404.2k£317.6k
Current assets£532.7k£479.4k
Cash£13.3k£92.0k
Debtors£507.2k£383.0k
Net assets£404.2k£317.6k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2025-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-12-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-12-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-12-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2024-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-11-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-10-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2021-11-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-11-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-11-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2019-12-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-10-29
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2018-09-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2017-11-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2017-11-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2017-10-26
    ➖
    SWEETBAUM, Peter Mark resigned
    director
  19. 2015-02-05
    ➕
    CLARKE, Thomas Nigel appointed
    director
  20. 2015-02-05
    ➕
    SWEETBAUM, Peter Mark appointed
    director
  21. 2014-10-22
    🏢
    Company incorporated
    As APPLIED SCIENCE (UK) LTD
  22. 2014-10-22
    ➕
    MORGAN, Jonathan Gayer appointed
    director

Owner dependency

73/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 72 — succession pressure is live.

Succession & seller-readiness

71/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Jonathan Gayer Morgan
Individual · Canadian · DOB 01/1954 · age 72
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
1 historic (ceased) PSC
  • Ms Karen Rae Tynerceased 05/10/2018· 25-50% shares · 25-50% voting

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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11234108 · est 2018 · no financials extracted
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15818443 · est 2024 · no financials extracted
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16244945 · est 2025 · no financials extracted
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2014-10-22
Jurisdictionengland-wales
Primary SIC46900 — Non-specialised wholesale trade

Registered office

1 Cottesbrooke Park
Heartlands Business Park
Daventry
Northamptonshire
NN11 8YL
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-05
Last: 2025-10-22

Officers (2 active · 1 resigned)

CLARKE, Thomas Nigel→
director · ~69y · appointed 2015-02-05
View their other companies + combined net worth →
Active
MORGAN, Jonathan Gayer→
director · ~72y · appointed 2014-10-22
View their other companies + combined net worth →
Active
SWEETBAUM, Peter Mark→
director · ~59y · appointed 2015-02-05 · resigned 2017-10-26
Resigned

Click a director name to see their full track record across all companies.

Recent filings (35 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-23
change-person-director-company-with-change-date
officers · CH01
2025-12-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-12-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-12-11
confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-24
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-22
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-24
confirmation-statement-with-updates
confirmation-statement · CS01
2022-10-26
change-person-director-company-with-change-date
officers · CH01
2022-10-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-16
confirmation-statement-with-updates
confirmation-statement · CS01
2021-11-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-16